News, events, and useful financial information from APCO Employees Credit Union.

Archive for category: Blog

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You already know there are many retirement options available and risks associated with each. However, you have a retirement option you may not know about. Because you’re a member of APCO, you have the opportunity to have an APCO IRA.

Keep Your Savings Growing

Regardless of the options available to you through your employer or elsewhere, APCO Credit Union has one that can only improve your retirement outlook. An APCO IRA is like a lifetime companion. It’s always there when you need it. An APCO IRA does not expose your principal to losses, is federally insured to $250,000 and earns rates in excess of other safe investment options. If you can invest in an IRA, an APCO IRA can go with you anywhere you go – and it keeps on growing. Your contributions may also be tax deductible. You’d be wise to contribute as much as you can to an APCO IRA. That’s because the more you save in a tax-favored account, the more tax-protected gains you can rack up.

Count On Your APCO IRA

Don’t put off planning for retirement. We have the answers to your questions. If you want to build something that lasts, ask about the APCO Lifetime IRA. You can count on your IRA no matter what changes might occur in the Social Security program or your pension plan. You have until April 15 to make contributions for tax year 2014. Call or stop by and talk with one of our IRA experts today.

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When including a joint owner on your account, please be aware that most Credit Union accounts are set up with the joint right of survivorship. That means, in addition to being able to withdraw or transfer funds from the account, a joint owner also owns the assets of that account upon the death of the primary owner.

Expecting a tax refund? Get it fast by filing your return online with Turbo Tax.

My Virtual StrongBox is an added feature of Online Banking. My Virtual StrongBox lets you store, protect, and keep copies of your most important documents right at your fingertips. Log in or sign up for APCO Online Banking and start storing your documents today. And, Online Banking and My Virtual StrongBox are both free.

Your Credit Union is happy to provide InstaQuote as a service to our members. Now you can shop, quote and buy the life insurance you need directly on our website.

Give our online bill payer service a try. It’s easy, it’s accurate, and it’s free!

We all know the old adage, “Time is Money.” If you haven’t taken the time to consult with APCO Investment Services*, it could be costing you money. APCO Investment Services is a personal financial management service designed exclusively for APCO Credit Union members that provides a variety of investment programs that complement your savings.

We’re familiar with your financial situation in ways that a large, impersonal investment firm simply isn’t. Working with the investment services program located at our office, you’ll experience the same level of personalized service you’ve come to know and expect… top-notch financial and investment advice with the full spectrum of tools and options designed to help you achieve your dreams. APCO Investment Services offers retirement and financial planning, stocks, bonds, mutual funds, annuities and wealth management.

Your APCO Investment Services Representative will work with you to create a personal financial blueprint to help you achieve your financial objectives. To learn more about APCO Investment Services, visit www.apcocu.org/advice for valuable information about taking advantage of this service today.

* Securities sold, advisory services offered through CUNA Brokerage Services, Inc. (CBSI), member FINRA/SIPC. Not NCUA/NCUSIF/ FDIC insured. May Lose Value, No Financial Institution Guarantee. Not a deposit of any financial institution.

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When it’s time for a new or good pre-owned car, it may be hard to decide which make and model, but it’s easy to decide where to turn for your financing.

Transfer your auto, SUV, or truck loan to APCO from another lender and get a rate as low as 2.9% APR for up to 60 months. New Car? Get a 1.9% APR interest rate on a new car loan for up to 60 months.

Your Credit Union offers fast, friendly service and our rates are the best around. We’ll handle the paperwork and set up budget friendly payments for you. We can also arrange a pre-approved loan so you can shop with your financing already in place.

You can even get great APCO financing right at the dealership. We partnered with CUDL (Credit Union Direct Lending) to make buying your next vehicle more convenient. Check out the CUDL link on our website or look for the CUDL logo at the dealership. Just identify yourself as an APCO member.

Look for the CUDL Auto Smart website on our homepage for easy access to a one stop resource to research and shop for your next vehicle. And to make things even more convenient, you can now apply for a pre-approved loan from your Credit Union anywhere, anytime with the nationwide CUDL AutoSMART Mobile App.

Stop by, go online, or give any of our offices a call. It’s time for you to get up and drive today.

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Are you overwhelmed with credit card bills? Let your Credit Union help with a low interest rate APCO Platinum VISA Credit Card.

For a limited time, APCO is giving you the opportunity to transfer your credit card balance to your APCO Platinum VISA Credit Card for a special 1.9% APR. The 1.9% APR balance transfer interest rate is good for six months, giving you the opportunity to pay off debt at a MUCH lower interest rate than your current credit card.

Paying off debt at 1.9% APR versus your current interest rate could save you hundreds of dollars in interest.

Did You Know?

We know other financial institutions offer balance transfer promotions, but ours is better. Here’s why:

• No balance transfer fee. Most offers charge an average of 3%. That’s like paying a year’s worth of interest on your balance up front.

• Your monthly payment the next six months will be applied to the balance transfer first.

• Everyone gets the same balance transfer rate option.

• At the end of the six months, our low 10.9% APR will be applied to any remaining balance.

Can your current credit card company do that? We don’t think so.

New and Existing Accounts

The balance transfer option is available to all eligible APCO Employees Credit Union members. If you already have an APCO Platinum VISA account, simply contact us to set up the balance transfer.

If you do not have an APCO Platinum VISA Credit Card, visit apcocu.org/visa to begin the application process. Once your account is approved, we will help you set up your balance transfer.

Due to treacherous road conditions in Walker County, our branch in Jasper will delay opening until 10 a.m. today.

All other APCO Employees Credit Union branches will open and operate on a normal schedule today.

Thanks for your patience and understanding!

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Today’s threat of winter weather is causing some changes in our operations today.

The following branches will be closing earlier than normal today:

Jasper – closing at 10 a.m.
Tuscaloosa – closing at 11 a.m.

All branches in the northern half of Alabama will be closing at noon, including:

Clanton
Birmingham
Trussville
Chelsea
Hoover
Hueytown
Pelham
Alabama Power HQ
Southern Company Inverness

All branches south of Clanton (including Montgomery) will operate normal hours today.

Thanks for your patience and understanding.

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More than 50 employees of Alabama Power and Southern Company learned more about conservative investing options Tuesday.

APCO Employees Credit Union held a “Lunch and Learn” in Building 42 in Inverness Tuesday morning, followed by a “Dinner and Discover” Tuesday night in the Electra Room at Alabama Power HQ in downtown Birmingham. Both events featured a presentation from Alex Spencer of CUNA Mutual Group’s MEMBERS Insurance & Investments and comments from Mike Lewallen from APCO Investment Services. The presentation offered explanations of conservative investing options, including annuities and CD’s.

For more information, or to schedule a visit with Mike to discuss your investment options, please visit apcocu.org/advice.

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More than 40 employees of Alabama Power attended a Social Security “Lunch and Learn” today.

The seminar, hosted by APCO Employees Credit Union, was held in the Electra Room at Alabama Power Company headquarters in downtown Birmingham.

Mike Lewallen, Financial Advisor for APCO Investment Services, presented information to the attendees about Social Security.

For more information about Mike and the services offered through APCO Investment Services, visit apcocu.org/advice.

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  • Mark your calendar now for Thursday, March 5, 2015. That is the date of your Credit Union’s 61st Annual Membership Meeting. The meeting will be held at the Corporate Headquarters Building of the Alabama Power Company in Birmingham. See you there.
  • Expecting a tax refund? Get it fast by clicking this link and file your return online.
  • APCO Checking – It all adds up! Free checking + Free debit card + Free online access. Plus, you get great rewards. Earn rewards points any time you use your APCO debit card. SWIPE. EARN. REDEEM.
  • Please keep in mind that if you mail in a deposit with a self-addressed envelope for a receipt, it should have a stamp instead of being metered.
  • Follow APCO on Facebook! You can receive Credit Union news, rates, updates, and events. “Liking” us on Facebook will also make you eligible to enter contests to win gift cards.
  • Give our online bill payer service a try. It’s easy, it’s accurate, and it’s free.
  • We’d like to help put you afloat. With our low rates on boat loans, now’s the time to finance your choice for fun in the sun.